Tag: concept of consumption function, saving function and investment function
Questions Related to concept of consumption function, saving function and investment function
Marginal Propensity to Consume is denoted as ___________________.
Marginal propensity to consume refers to the effect of additional income on consumption.
How is marginal propensity to consumed expressed mathematically?
Higher level of current consumption means ___________.
In an economy, the population spends Rs 700 crore on absolute necessities needed to sustain themselves. The current income is Rs 3500 crore and MPC is 0.8. What is the level of saving?
The formula for the MPC is ___________.
In an economy, the population spends Rs 500 crore on absolute necessities needed to sustain themselves. The current income is Rs 2500 crore and MPC is 0.5. What is the level of saving?
The manufactured goods are called _______.
"All those man-made goods which are used in further production of wealth." This is the definition of _________.
Money, fuels, etc. are the examples of _________ capital.